Knights of Columbus Asset Advisors LLC Acquires 5,705 Shares of Lam Research Corporation $LRCX

Key Points

• Knights of Columbus Asset Advisors nearly doubled its Lam Research stake in Q4, buying 5,705 additional shares to bring its total to 11,480 shares worth about $1.97 million.
• Lam Research reported strong quarterly results, with EPS of $1.47 beating estimates and revenue of $5.84 billion topping forecasts; revenue also rose 23.8% year over year.
• The stock has attracted broad institutional and analyst support, with institutions owning 84.61% of shares and Wall Street maintaining a Moderate Buy consensus, even as some commentary warns the valuation looks elevated after a big run-up.

Knights of Columbus Asset Advisors LLC lifted its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 98.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,480 shares of the semiconductor company's stock after acquiring an additional 5,705 shares during the quarter. Knights of Columbus Asset Advisors LLC's holdings in Lam Research were worth $1,965,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of LRCX. Generali Investments Management Co LLC lifted its stake in shares of Lam Research by 62.0% in the 4th quarter. Generali Investments Management Co LLC now owns 36,274 shares of the semiconductor company's stock valued at $6,209,000 after acquiring an additional 13,878 shares during the last quarter. Lingohr Asset Management GmbH boosted its holdings in Lam Research by 590.7% during the 3rd quarter. Lingohr Asset Management GmbH now owns 59,555 shares of the semiconductor company's stock valued at $7,974,000 after acquiring an additional 50,933 shares during the period. Mediolanum International Funds Ltd grew its position in Lam Research by 52.0% during the 3rd quarter. Mediolanum International Funds Ltd now owns 262,544 shares of the semiconductor company's stock worth $34,417,000 after acquiring an additional 89,856 shares during the last quarter. Thoroughbred Financial Services LLC increased its stake in Lam Research by 115.2% in the 3rd quarter. Thoroughbred Financial Services LLC now owns 22,198 shares of the semiconductor company's stock worth $2,972,000 after purchasing an additional 11,883 shares during the period. Finally, Vanguard Group Inc. lifted its position in Lam Research by 0.3% in the third quarter. Vanguard Group Inc. now owns 130,974,214 shares of the semiconductor company's stock valued at $17,537,447,000 after purchasing an additional 364,949 shares during the last quarter. Institutional investors own 84.61% of the company's stock.

Lam Research Trading Down 0.3%

NASDAQ:LRCX opened at $318.00 on Friday. The stock has a market cap of $397.68 billion, a price-to-earnings ratio of 60.00, a PEG ratio of 2.64 and a beta of 1.81. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35. The company's 50 day moving average price is $262.01 and its 200-day moving average price is $220.11. Lam Research Corporation has a 52 week low of $79.49 and a 52 week high of $333.33.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.11. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The business had revenue of $5.84 billion for the quarter, compared to analysts' expectations of $5.70 billion. During the same period in the prior year, the firm posted $1.04 EPS. The firm's quarterly revenue was up 23.8% on a year-over-year basis. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, equities research analysts forecast that Lam Research Corporation will post 5.67 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $1.04 annualized dividend and a dividend yield of 0.3%. Lam Research's dividend payout ratio (DPR) is 19.62%.

Insider Buying and Selling

In other Lam Research news, SVP Neil J. Fernandes sold 18,170 shares of the business's stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $255.14, for a total value of $4,635,893.80. Following the completion of the transaction, the senior vice president owned 66,129 shares of the company's stock, valued at approximately $16,872,153.06. The trade was a 21.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Douglas R. Bettinger sold 50,057 shares of the company's stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total transaction of $11,214,269.71. Following the transaction, the chief financial officer owned 1,081,705 shares in the company, valued at $242,334,371.15. This represents a 4.42% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 120,066 shares of company stock worth $27,953,242. 0.31% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LRCX. Wall Street Zen lowered shares of Lam Research from a "buy" rating to a "hold" rating in a report on Sunday, May 10th. Rothschild & Co Redburn increased their target price on shares of Lam Research from $225.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, February 6th. Barclays set a $275.00 target price on Lam Research and gave the stock an "equal weight" rating in a research note on Thursday, April 23rd. Susquehanna upped their price target on Lam Research from $350.00 to $385.00 and gave the company a "positive" rating in a research report on Thursday, April 23rd. Finally, Citigroup reiterated a "buy" rating and issued a $315.00 price objective (up from $300.00) on shares of Lam Research in a research report on Thursday, April 23rd. Twenty-seven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $295.07.

Key Headlines Impacting Lam Research

Here are the key news stories impacting Lam Research this week:

• Positive Sentiment: Applied Materials CEO Gary Dickerson said semiconductors are in their strongest period ever, with AI driving unprecedented computing demand and long-term growth. That upbeat read-through supports suppliers like Lam Research, which sells chipmaking equipment used in advanced semiconductor production. Article Title
• Positive Sentiment: Mizuho Securities reiterated a buy rating on Lam Research, reinforcing bullish analyst sentiment around the stock’s earnings power and long-term outlook. Article Title
• Neutral Sentiment: Lam Research has strong technical momentum after a huge run over the past year, but the stock is also viewed as expensive, with commentary noting it may be materially overvalued. That combination can keep traders interested while also raising caution about further upside. Article Title
• Neutral Sentiment: Short-interest data showed no meaningful change in reported shorts, so this does not appear to be a major new catalyst for the stock.
• Negative Sentiment: One market note warned that Lam Research’s valuation is elevated and that new buyers should be cautious, which may temper enthusiasm despite the company’s strong fundamentals. Article Title
• Negative Sentiment: Another trading article highlighted heavy put-option activity in Lam Research, suggesting some investors are positioning for downside protection or near-term volatility. Article Title

About Lam Research

Lam Research Corporation NASDAQ: LRCX is a global supplier of wafer fabrication equipment and services to the semiconductor industry. Founded in 1980 by David K. Lam and headquartered in Fremont, California, the company develops and manufactures systems used in multiple stages of semiconductor device production, including thin film deposition, plasma etch, wafer cleaning and related process modules and automation.

Lam's product portfolio covers core process technologies employed by logic and memory manufacturers, with equipment designed to support advanced-node patterning, 3D NAND and other emerging device architectures.

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